Friday, November 26, 2010

Newspaper business dead? Think again!

Like it or loathe it, you can't dispute the Daily Mail's success as a money-making venture.

Indeed, all those who suggest that the newspaper business is dead should reconsider when they scan the business's new figures.

The Mail is part of a media group, incidentally, which includes Welsh titles such as the South Wales Evening Post, Llanelli Star and Carmarthen Journal.

Effective Communication MD Alastair Milburn pinged me a story link today which revealed that the Daily Mail & General Trust (DMGT) had reported a 23% leap in annual profits.

A key factor was a record performance at its Daily Mail and Metro newspapers. One of those freesheets is seen regularly by South Wales commuters.

DMGT's underlying earnings rose from £201m to £247m in the year to October 3 following a bounce in ad revenues and growth in the business publishing divisions.

DMGT's UK consumer businesses achieved a sharp improvement in profitability as a result of cost cuts and growth in national ad revenues. Major advertisers increasing their marketing spend.

Yes, DMGT's regional newspaper wing, Northcliffe Media, saw advertising turnover fall 7% since the end of the fiscal year, with a lower local authority spend a major factor - but group success shows that newspapers can still be tremendously robust vehicles for wealth generation.

Businesses: Ignore newspapers as a marketing tool at your peril.

5 comments:

  1. Yep! Papers are still going strong.

    ReplyDelete
  2. 3D Royal Floors are more popular for modern resin flooring design in UK. We provides excellent design for industrial flooring,Resin Flooring, epoxy flooring, self leveling floors .

    ReplyDelete
  3. Nice article, thank you for the sharing

    ReplyDelete
  4. Nice article about newspaper business dead think again. Your share the strong post on website. Electronic media is great part show you the digital marketing i am also from the Startup Accountants Walsall we join many account as the Accountant post in the difference office.

    ReplyDelete